Mutual funds' asset base rises to Rs 24 lakh crore till Nov 2018

According to Amfi data, the asset under management (AUM) of the industry, comprising 42 players, climbed from Rs 22.23 lakh crore at the end of October, to Rs 24.03 lakh crore in November-end. (Image Credit: Twitter)

Mutual funds' asset base rose to a little over Rs 24 lakh crore by November-end, an increase of 8 per cent from the preceding month, on strong inflow in liquid schemes.

According to Amfi data, the asset under management (AUM) of the industry, comprising 42 players, climbed from Rs 22.23 lakh crore at the end of October, to Rs 24.03 lakh crore in November-end.

The total asset base of all the fund houses put together was Rs 22.79 lakh crore in November last year.

The latest inflow was mainly driven by contributions from liquid funds, equity and equity-linked saving schemes.